A trading community dedicated to helping traders succeed. You won't get any hype or fluff. But only the good stuff. September 22, By Rayner 34 Comments. All I needed to do was, spot this trading setup, enter the break of the Pinbar , set your stops, and make consistent profits every month.

So, I started looking through the charts for a Pinbar. On the daily, 4-hour, and 1 hour and even 5 minutes timeframe. I got nowhere, really. Sometimes I won, sometimes I lost.

A bullish Pinbar shows rejection of lower prices. The lower wick shows the bears were in control earlier but was eventually overcome by the bulls. A bearish Pinbar shows rejection of higher prices.

The upper wick shows the bulls were in control earlier but was eventually overcome by the bears.

But you need other factors of confluence to make this work out more on this later. It takes much more than a single candlestick to reverse a trend. If you spot a Pinbar against the trend, watch what happens next. The odds are the trend will continue. Price rejection can come in different forms and patterns.

Pin Bar Strategy

Instead, learn to read the price action of the markets. An invaluable skill that lets you better time your entries and exits. What happens before the Pinbar is more important than the pattern itself. Remember, the bigger the Pinbar relative to prior candles , the stronger the price rejection. As Jack Schwager said: This is when Support and Resistance SR can help you. If you want to learn how to trade with Support and Resistance, then go watch this training below:. You can have a bullish Pinbar that is a retracement against the trend on the lower time frame.

And this results in a low probability trade. And this increases the odds of the Pinbar working out. You can measure the range of the Pinbar against the average true range ATR of the market. So if you get a Pinbar at least 1. In strong trending markets, the price is unlikely to pullback towards SR. Thus, you can look to trade from the moving average.

September 22, at 7: September 23, at 6: Rayner, Thank you so much for teaching great and practical stuff that is easy to understand and apply. September 24, at Thanks for sharing the details of this strategy, Rayner. For me, the most important thing is going with the long-term trend. Thanks again for the actionable tips. September 22, at 8: September 22, at 9: September 22, at September 23, at 2: More excellent teaching with an appropriate EMPHASIS on rules and discipline.

Keep up the good work. Really enjoy your weekly videos.

September 23, at 4: Improves my understanding of technical aspect of price action. September 23, at 9: Rayner, excellent read and video. You explain things so clearly and simply reflecting expertise and experience. Always enjoy your work Thanks ken Sydney. September 23, at 1: Hi Rayner, Great article as always. Can we consider a hammer as pinbar aswell as both signal price rejection. Also apart from Support Resistance, in addition is there any other indicator which gives confirmation of a possible trend change.

I agree it looks similar to the hammer. November 8, at 6: Hi Rayner , Thank you posting all these educational videos for reatail trader like me. You have very simple presentation about the market. November 9, at 8: January 28, at 7: Hi rayner Thank you these lessons are very usefull I learned from these videos Thank you. January 30, at February 19, at 1: February 19, at 9: April 22, at 7: R has been a real pain in my trading because i was too excited when trading but after viewing your vedio a couple of times i made some serious reflection on my previous trading and i hope to make it a point to fpllow your advice seriously from now on.

April 25, at 8: May 22, at 8: May 23, at May 23, at 7: May 24, at 6: June 3, at June 5, at 4: Your email address will not be published. The Price Action Trading Strategy Guide.

The Complete Guide to Trend Following. The Trend Trading Strategy Guide. The Support and Resistance Trading Strategy Guide. The Pinbar Trading Strategy Guide. The Moving Average Indicator Strategy Guide. The Complete Guide to Becoming a Consistently Profitable Trader. The Complete Guide to Finding High Probability Trading Setups.

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'Pin Bar' Forex Trading Strategy - Pin Bar Definition » Learn To Trade

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To tell you the truth: What does a Pinbar really mean Three biggest mistakes you must avoid with the Pinbar trading strategy How to improve your odds when trading the Pinbar A Pinbar trading strategy that works Are you ready?

What does a pinbar really means A bullish Pinbar shows rejection of lower prices. The Pinbar is usually a retracement on the lower timeframe. Three biggest mistakes you must avoid with the Pinbar trading strategy Mistake 1 — Assuming the market will reverse because of a Pinbar Look: Heck, even a major news release has difficulty reversing a trend, what more of a Pinbar?

So… If you spot a Pinbar against the trend, watch what happens next. My point is… stop memorise chart patterns. Does it make sense? How to improve your odds when trading the Pinbar By doing these three things: Trading with the trend Trading from an area of value Wait for break of structure on the lower timeframe Trade Pinbars with 1. By trading with the trend: You do not require precise entry to make a profit You have better odds for the trade to work out You have a greater profit potential as the impulse move is stronger An example: And if you want to learn how to identify trends objectively, go watch this training video below: But in trading… how do you identify value?

Forex Pin Bar Trading Strategy | Pin Bar Reversal

If you spot a bullish Pinbar, then wait for a higher high to form on the lower timeframe. If you spot a bearish Pinbar, wait for a lower low to form on the lower timeframe. Next… Trade Pinbars with 1.

If the range of the Pinbar is at least 1. A Pinbar trading strategy that works Now: What are the conditions of your trading setup? How will you enter your trade? Where is your stop loss? Where is your profit target? How will you manage the trade? If the price goes in your favour, then take profits at the nearest swing high. Here are a few examples: If you want more Pinbar training and examples, go watch this video below: Ultimately, you must find something that suits you best.

Leave a comment below and let me know. You Should Connect With Me Here 13, Members. Comments Antonio says September 22, at 7: Hey Joe, Glad to hear that. Keep it going bud!

In mistake 3 you put the same chart for both examples. Hi Marco, Thanks for pointing out. Tks again Rayner, Great article. Hey David, Glad to hear its helping. Glad to be of help! Hi Deepak, I agree it looks similar to the hammer.

Glad you found it useful! Hi Rayner, thanks for the lesson on pin bars, really good. Do keep me updated on your progress. Hi Rayner, Thank you for this Lesson. Very helpful to keep reminding our self this knowledge.

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Can you plz send me you email ID because I want to discuss something. Leave a Reply Cancel reply Your email address will not be published. Followed by more than 45, traders Saving Retail Traders from Self-Destruction Rayner Teo is an independent trader, ex-prop trader, and founder of TradingwithRayner. Current Hits This currency is about to trade higher and how to find a low-risk entry into the trade Download The High Probability Trading Strategy Bundle This market is ripe for a breakout… How to be a Profitable Swing Trader and Survive any Market Conditions with Steve Burns How to Use Forex Factory Free Trading Tools — A Complete Guide.

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